34. Duties of director and chief executive officer

Terms defined in s 2

• currency processing activities

  currency processing activities

  Defined · s 2

  “currency processing activities” means— (a) the sorting of currency note or currency coin by authenticity or quality; or (b) the packing of currency note or currency coin by quality, quantity or denomination;

  Open s 2
• financial institution

  financial institution

  Defined · s 2

  “financial institution” means— (a) a licensed bank under the Financial Services Act 2013, a licensed Islamic bank under the Islamic Financial Services Act 2013 and a prescribed institution under the Development Financial Institutions Act 2002; or (b) any person declared as a financial institution in the First Schedule;

  Open s 2
• person

  person

  Defined · s 2

  “person” means any natural person, corporation, statutory body, local authority, society, trade union, co-operative society, partnership or any other body, organisation, association or group of persons, whether corporate or unincorporated and includes the Government and any State Government;

  Open s 2
• registered currency processor

  registered currency processor

  Defined · s 2

  “registered currency processor” means a person registered under subsection 26(1) to carry on a currency processing business and for the purpose of Division 3 of Part IV includes any financial institution carrying on currency processing activities;

  Open s 2